Genesee County dairy farmers looking to update their management concepts to deal with today's increased market volatility are urged to attend a workshop on March 22.
"Managing the Margins" is a workshop useful for building long-term viability for any size dairy enterprise. This half-day educational program is hosted by The North West New York Dairy, Livestock and Field Crop Team.
It runs from 10:30 a.m. to 3 p.m. at the Cornell Cooperative Extension located at 420 E. Main St. in Batavia.
Pre-registration is required by March 18 because group size is limited. The $30 registration fee covers lunch and handouts.
To register contact Cathy Wallace 343-3040, ext. 138, or e-mail cfw6@cornell.edu.
For questions contact John Hanchar 658-3250, ext. 112, or e-mail jjh6@cornell.edu.
It wasn’t too long ago dairy producers were concerned somewhat with variation in milk price and very little with feed cost. More recently, the significance of dramatic price moves has been experienced farms and in the dairy farm community.
This workshop focuses on understanding the economic world around us, global commodity markets and various price-management tools and strategies available for farmer use when managing the risk of declining milk prices and the risk of increasing feed costs.
Managing margin risk has become increasingly significant for producers given enhanced volatility in commodity prices and input costs. While profits are possible in today’s marketplace, producers must simultaneously manage milk revenue and input costs to maintain profitable margins.
The objective of this program is to provide producers with concepts and tools to determine break-even prices, market strategies, and crop insurance decisions appropriate for their operations under various conditions -- with the end goal of being able to identify and capture profitable margins.
